Largest such issue by an Indian lender in nearly 14 years; attracts $3 billion in bids

ICICI Bank is close to raising at least $500 million through five-year dollar bonds via its GIFT City unit, leveraging the RBIs concessional swap facility. The proceeds will…

The lender is expected to raise at least $500 million through this issue and has provided guidance of a spread of 130 basis points over the corresponding US Treasury yield